The global market for elastic laminates is expected to be valued around US$ 8.3 Bn by 2028. The elastic laminates market is projected to expand at a CAGR of 5.6% during the forecast period, 2018-2028.

Elastic laminates have excellent stretch properties and help diaper, adult incontinence, and feminine care manufacturers to build comfort into their products. Elastic laminates are used for better stretchability in hygiene products.

Elastic laminates can have different structures such as strand-based, film-based, netting-based, and nonwovens-based. Strand-based elastic laminates are wearable products such as baby diapers and adult diapers. Film-based elastic laminates are used in tape manufacturing for hygiene products. Netting-based elastic laminates have a co-extruded multilayer structure of different polymers forming different layers on the same netting configuration. The nonwovens-based elastic laminate are laminates of extensible nonwoven webs of fibers and thermoplastic elastic materials. These laminates can be mono-layered or multi-layered.

The global elastic laminates market has been categorized on the basis of material type, structure, and application. By material type, propylene-based elastomers hold the maximum share in the global elastic laminates market, which can be attributed to ease in availability of polypropylene. Elastic laminates can also be manufactured using materials such as ethylene-based elastomers, styrene-block copolymers, and other polyethylene terephthalate-based elastomers. By application, the elastic laminates market has been segmented into hygiene, medical, and other applications.

Increase in Demand for Diapers and Incontinence Products to Fillip the Growth of Global Elastic Laminates Market

Application of elastic laminates in baby diapers accounts for more than 80% of the hygiene application products segment. Manufacturers prefer using elastic laminates to manufacture premium hygiene products in order to provide better comfort, absorbency, and leakage resistance. High birth rates in developing countries are expected to fuel the growth of the global elastic laminates market. Elastic laminates are used in the back-sheets of diapers. Elastic netting-based laminates provide good water vapor transmission, making the diapers more comfortable to the wearer. Relative humidity and temperature within the diaper or other hygienic products such as sanitary pads and adult diapers can be reduced using laminates of breathable films and nonwoven webs. The aforementioned factors are anticipated to further drive the growth of the global elastic laminates market during the forecast period.

Government Initiatives Increase Awareness of Health and Hygiene, Creating Opportunities for Hygiene Products

There are enormous opportunities for players operating in the global elastic laminate market to conquer the Asian markets, in view of the fact that the purchasing power of the people is increasing, along with the increasing awareness regarding personal hygiene. Along with this, aggressive promotions, various initiatives taken by governments and NGOs, as well as rising education levels have led to an increase in demand for diapers and feminine care products, which, in turn, are fuelling the elastic laminates market.

Global Elastic Laminates Market: Key Drivers

Adoption of advanced technology to decrease cost of diapers, reshape diaper design by changing the components, and increase the use of elastic laminates

More focus on making and introducing biodegradable and recyclable materials for elastic lamination

High investment in research and development to manufacture elastic laminates with improved composition

Global Elastic Laminates Market: Recent Developments

Elastic laminates are being used in diapers in adhesive closure systems such as frontal tapes and elastic mechanical tapes. For instance,

By application type, the hygiene segment in the elastic laminates market was valued at approximately US$ 3.9 Bn in the year 2017. The medical segment is projected to grow at a healthy CAGR in the global elastic laminates market. The hygiene segment is expected to create an incremental opportunity of approximately US$ 1.6 Bn by the end of 2022.

Competitive Landscape

Detailed profiles of companies are also included in the elastic laminates market report to evaluate their strategies, key product offerings, and SWOT analysis along with the recent developments. The key players operating in the global elastic laminates market are Golden Phoenix Fiberwebs, Inc., Pantex International S.p.A., Neos Italia Srl, Mondi Group plc, Berry Global Group, Inc., Exxon Mobil Corp, Tredegar Corporation, Schweitzer-Mauduit International, Inc., Kraton Corporation, and Aplix S.A. Many local and unrecognized players are expected to contribute to the global elastic laminates market during 2018-2028.

Procter & Gamble introduced new and improved Pampers Cruisers Diapers with extra absorb channels, which enable babies to stay drier, and the diaper does not sag like ordinary diapers.

Schweitzer-Mauduit International, Inc. increased the production of polypropylene-based netting and non-woven products.

In this report, FMI offers a 10-year forecast of the global elastic laminates market between 2018 and 2028. In terms of value, the elastic laminates market is forecast to expand at a CAGR of 5.6% during the forecast period. The study reveals the market dynamics in seven geographic segments along with a market analysis for the current elastic laminates market environment and future scenario over the forecast period.

Report Description

This FMI report studies the global elastic laminates market for the period 2018 - 2028. The prime objective of this report is to offer insights and key market trends pertaining to the global elastic laminates market that gradually help transform global businesses.

The elastic laminates market numbers have been assessed by carefully scrutinizing the production of elastic laminates, in the seven key regions for the current year, as well as the historical performance of the elastic laminates market. Market size and forecast for each segment in the elastic laminates market have been provided in the context of regional markets. All the segmentation for elastic laminates has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders in the industry. The elastic laminates market has been forecast based on constant currency rates.

A number of primary and secondary sources were consulted during the course of the study on the elastic laminates market. Secondary sources for data on elastic laminates trade include Factiva, various elastic associations, as well as company annual reports & publications.

The global elastic laminates market report begins with an executive summary intended to give a clear perspective about the market to the reader. It is then followed by a thorough definition of elastic laminates and the market segmentation describing the scope of the study. This is to outline the significance of elastic laminates as a product, and the impact of their market growth on the industry.

A Porter’s Analysis section ensures a thorough understanding of the level of competition in the elastic laminates market. Porter’s Analysis for the global elastic laminates market has been covered for bargaining power of suppliers and buyers, threat of substitutes and new entrants, and the intensity of competition. This is followed by market dynamics and an overview of the global elastic laminates market, which includes FMI analysis of market drivers, restraints, trends, and opportunities that are affecting the growth of the elastic laminates market.

The material type considered in the elastic laminates market study includes ethylene-based elastomers, propylene-based elastomers, Styrene-block copolymers, and others (PET-based, etc.). Of these, the propylene-based elastomers segment accounts for the major share in the global elastic laminates market.

On the basis of structure, the elastic laminates market has been segmented into elastic strand-based, elastic film-based, elastic netting-based, and elastic nonwovens-based. Of these, the elastic nonwovens-based segment is projected to expand at a healthy CAGR in the global elastic laminates market.

The applications considered in the elastic laminates market study includes hygiene, medical, and other applications. Of these, the hygiene segment accounts for the foremost share in the global elastic laminates market.

The next section of the report highlights the elastic laminates market by region and provides the market outlook for 2018-2028. The report evaluates the present scenario and growth prospects of the regional elastic laminates market for 2018-2028. The next section of the report highlights the elastic laminates market by region and provides the market outlook for 2018-2028. The study investigates the regional year-on-year (Y-o-Y) growth of the elastic laminates market. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, the Middle East & Africa (MEA), and Japan. The report evaluates the present scenario and growth prospects of the regional elastic laminates market for 2018-2028.

To ascertain the market size in terms of value and volume, the revenue generated by key manufacturers of elastic laminates and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value across the elastic laminates market. In order to provide an accurate forecast, we started by sizing up the current market, which formed the basis of how the elastic laminates market is expected to develop in the future. Given the characteristics of the market, we have triangulated the outcome on the basis of three different types of analysis, based on supply side, downstream industry demand for elastic laminates, and the economic envelope. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as Y-o-Y growth rates, to understand the predictability of the elastic laminates market and identify the right opportunities for players.

To understand the key growth segments in terms of growth and adoption of elastic laminates globally, in the final section of the report, a ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution to the total elastic laminates market. Moreover, it is primarily designed to provide clients with an objective and exhaustive list of manufacturers in the elastic laminates market. Detailed comparative assessment of key providers specific to a segment in the elastic laminates market is also included in the report. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors in the elastic laminates market.